BBG 0.00% $1.05 billabong international limited

Markets are a ruthless place.Clearly the price was manipulated...

  1. 649 Posts.
    Markets are a ruthless place.

    Clearly the price was manipulated down today to flush out nervous nellies. Cripes, who wouldn't be nervous after what has happened. Give us a break!

    Anyway, some weird facts perhaps others can shed some light on:

    OF the 4.4m shares traded today:

    - about 1m (23%) were trades labelled CX
    From ASX website:
    "A Centre Point Order® enables execution at the prevailing midpoint of the best bid and offer of the ASX Central Limit Order Book (CLOB). These anonymous orders transact independently of the CLOB and will only transact with another Centre Point Order®. Once a Centre Point order trades, the trade will be displayed in the trade history window with condition code CX."
    ....Anonymous? Hmm why anonymous CX trades?

    - about 1.2m (27%) were NXXT trades
    Not sure what NXXT trades are but at 3.44 1million shares went through as NXXT and the volume did not previously sit on the bid or offer so all seems odd to me and can't help but be suspicious. HUndreds of bot trades for 1 share and many trades at 50.25 cents just all spells manipulation to me.

    Any views welcome.





 
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